Hereford Apartments
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 295,738 | 292,175 | 3,563 | -15.5 | 0% |
| 2013 | 303,328 | 294,976 | 8,352 | -15.1 | 0% |
| 2014 | 313,541 | 303,728 | 9,813 | -14.2 | 0% |
| 2015 | 322,017 | 326,012 | −3,995 | -13.4 | 0% |
| 2016 | 372,003 | 343,018 | 28,985 | -11.7 | 0% |
| 2017 | 358,776 | 318,558 | 40,218 | -11.1 | 0% |
| 2018 | 369,491 | 325,468 | 44,023 | -9.3 | 0% |
| 2019 | 376,812 | 344,731 | 32,081 | -7.6 | 0% |
| 2020 | 384,485 | 334,911 | 49,574 | -6.1 | 0% |
| 2021 | 395,045 | 349,510 | 45,535 | -4.3 | 0% |
| 2022 | 417,732 | 361,068 | 56,664 | -2.2 | 0% |
| 2023 | 423,940 | 355,138 | 68,802 | 0.1 | 0% |
| 2024 | 451,160 | 373,958 | 77,202 | 2.5 | 20% |
In its most recent public year (2024), this organization brought in $77,202 more than it spent. Its reserves stood at about 2.5 months of spending, up from -15.5 in 2012. Staff pay was 20% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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